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al partner. "Heritage Points Percentage" means, with respect to any Principal Group and Heritage Fund, such Principal Group's Pecuniary Interest in the Heritage Points of such Heritage Fund divided by the Pecuniary Interest of all the Principal Groups in the Heritage Points of such Heritage Fund as set forth on Sc
Class A Shares or issuances to employees of Apollo or its Subsidiaries pursuant to an equity incentive plan), the economic interest of Holdings in the Heritage Funds will be diluted. In each such instance, the Heritage Points of each Principal Group will be adjusted as if Holdings sold that number of AOG Units i
iately prior to any Exchange, the excess (if any) of the number of Equivalent Heritage Points of such Principal Group over the Pecuniary Interest in the Heritage Points of such Principal Group. "Exchange" means (i) the exchange by Holdings of an AOG Unit for a Class A Share pursuant to the Exchange Agreement, and
Class A Shares or issuances to employees of Apollo or its Subsidiaries pursuant to an equity incentive plan), the economic interest of Holdings in the Heritage Funds will be diluted. In each such instance, the Heritage Points of each Principal Group will be adjusted as if Holdings sold that number of AOG Units i
al partner. "Heritage Points Percentage" means, with respect to any Principal Group and Heritage Fund, such Principal Group's Pecuniary Interest in the Heritage Points of such Heritage Fund divided by the Pecuniary Interest of all the Principal Groups in the Heritage Points of such Heritage Fund as set forth on Sc
Class A Shares or issuances to employees of Apollo or its Subsidiaries pursuant to an equity incentive plan), the economic interest of Holdings in the Heritage Funds will be diluted. In each such instance, the Heritage Points of each Principal Group will be adjusted as if Holdings sold that number of AOG Units in
Entities connected to both the Heritage Points and the Heritage Funds
Apollo Investment Fund IV
ORGANIZATIONApollo Overseas Partners IV
ORGANIZATIONApollo Advisors IV
ORGANIZATIONApollo Netherlands Partners
ORGANIZATIONAIF V Euro Holdings
ORGANIZATIONthe Group of another Principal
ORGANIZATIONBRH Holdings GP
ORGANIZATION
United States
LOCATION
Exchange
ORGANIZATIONthe AOG Units
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATIONJohn J. Suydam
PERSONFund IV
ORGANIZATIONLeon Black
PERSONCayman
LOCATIONthe Apollo Operating Group
ORGANIZATIONApollo Management Holdings
ORGANIZATIONBlack Family GP
ORGANIZATIONApollo Real Estate Investment Fund
ORGANIZATIONAIC Co-Investors
ORGANIZATION